Mangalore Refinery reduces net loss in Q2

Mangaluru, Oct 29 (IANS) State-run Mangalore Refinery and Petrochemicals Ltd (MRPL) posted net loss of Rs.906 crore for second quarter of 2015-16, reducing it by five percent from net loss of Rs.951 crore in same period year ago on standalone basis.

In a regulatory filing to the Bombay Stock Exchange (BSE) on Thursday, the state-run Oil and Natural Gas Corporation’s (ONGC) subsidiary said total income also declined 35 percent to Rs.10,461 crore from Rs.16,101 crore in the same period last year.